Global Veterinary Orthopedic Implants Market, By Product (Plates, Screws, Jigs, Pins and Wires), Animal (Dog, Cat, Horse, Others), Type (Advanced Locking Plate System, Tibial Plateau Leveling Osteotomy Implants, Tibial Tuberosity Advancement Implants, Total Elbow Replacement, Total Hip Replacement, Total Knee Replacement, Trauma Fixations), End User (Veterinary Hospitals, Veterinary Clinics, Veterinary Surgical Centers, Others) – Industry Trends and Forecast to 2029.
Veterinary Orthopedic Implants Market Analysis and Size
The market for veterinary orthopedic implants is expected to grow due to a number of factors, with the main one being the rise in the number of companion animals, such as horses and service and pet animals. The market for veterinary orthopedic implants has increased as a result of the increase in animal racing contests. Rising animal healthcare costs have primarily accelerated the veterinary orthopedic implants market.
Data Bridge Market Research analyses that the veterinary orthopedic implants market which was USD 0.21 billion in 2021, would rocket up to USD 0.38 billion by 2029, and is expected to undergo a CAGR of 7.75% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Veterinary Orthopedic Implants Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product (Plates, Screws, Jigs, Pins and Wires), Animal (Dog, Cat, Horse, Others), Type (Advanced Locking Plate System, Tibial Plateau Leveling Osteotomy Implants, Tibial Tuberosity Advancement Implants, Total Elbow Replacement, Total Hip Replacement, Total Knee Replacement, Trauma Fixations), End User (Veterinary Hospitals, Veterinary Clinics, Veterinary Surgical Centers, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Veterinary Orthopedic Implants (U.S.), GPC Medical Ltd. (U.S.), Rita Leibinger GmbH & Co. KG (Germany), B. Braun Melsungen AG (Germany), KYON AG (Switzerland), EVEROST INC (U.S.), Integra LifeSciences (U.S.), BioMedtrix, LLC (U.S.), bluesao (China), IMEX Veterinary, Inc (U.S.), NGD (Canada), Orthomed (UK) Ltd (U.K.), AmerisourceBergen Corporation (U.S.), PLATON implant (Japan)
Veterinary surgical instruments, designed specifically for general and orthopaedic surgery. Veterinary orthopaedics is giving an unrivalled service for supply of implants, power tools, surgical instruments, and value. The implant quality is excellent and giving a great user experience. Veterinary orthopaedics continue to be responsive to implant design ideas and VO’s steady introduction of their new innovative implant.
Global Veterinary Orthopedic Implants Market Dynamics
- Rise in number of companion animals
Growing number of companion animals worldwide, growing occurrences of orthopedic injuries due to the rising fame of animal sports such as greyhound racing, rising willingness to spend of the people on their animal health, horse racing, bull fighting, dog fighting and others are some of the factors which will accelerate the growth of the veterinary orthopedic implants market in the forecast period.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of market is the rising healthcare expenditure which helps in improving its infrastructure. Also, prevalence of product approvals for orthopedic implants along with advancement in treatment methodology this will further influence the market dynamics.
- Rise in the geriatric population
The rising prevalence rates of lifestyle disorders like diabetes and obesity, rising health-care spending, and the fast-growing diagnostic industry are driving the worldwide expansion of veterinary orthopedic implants. In addition, the growing elderly population, increased demand for laboratory automation, and more awareness of preventative healthcare are all driving the veterinary orthopedic implants market forward.
- Increase in the number of research and development activities
The meningococcal disease vaccine market's growth is fuelled due to increasing trend of owing companion animals. People are keen to spend more on their pets' well-being, consolidating the demand for veterinary healthcare products. This will provide beneficial opportunities for the veterinary orthopedic implants market growth.
Moreover, an upsurge in the number of emerging markets and new product launches will further provide beneficial opportunities for the growth of veterinary orthopedic implants during the forecast period.
- High cost
On the other hand, the unavailability of veterinary practitioners, the high cost of surgeries and pet care, the high charges of pet care, the introduction of progressive veterinary orthopedic implants, and lack of veterinary practitioners will obstruct the market's growth rate.
This veterinary orthopedic implants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the veterinary orthopedic implants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Veterinary Orthopedic Implants Market
The corona virus outbreak significantly impacted the market for veterinary orthopaedic implants for animals. Due to factory closures, many manufacturers saw a decrease in output. In this period of crisis, companies with low liquidity are having a hard time surviving. Consumer purchase decisions will be impacted by the economic fall. The implementation of new products has been halted as a result of lockdown measures. Numerous business organisations are taking action to support manufacturers, vets, and pet owners.
• In 2019, Infiniti Medical, a US-based manufacturer and marketer of veterinary medical devices, purchased Orthomed Ltd. for an unknown sum. With the addition of Orthomed's goods and services, Infiniti Medical hopes to diversify its current offering. Veterinary orthopaedic systems and equipment are offered by UK-based Orthomed Ltd.
• In October 2019, Veterinary Orthopedic Implants introduced HyProtect, an antimicrobial-coated implant. A pure elemental silver-based plasma coating is the result, and it continuously diffuses silver ions to stop bacterial development on implant surfaces for up to three months.
• In August 2019, Jindal Medi Surge, Inc. introduced the KE Clamp, a veterinary external fixator that aids in fracture repair.
Global Veterinary Orthopedic Implants Market Scope
The veterinary orthopedic implants market is segmented on the basis of product, animal, type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Pins and Wires
- Advanced Locking Plate System
- Tibial Plateau Leveling Osteotomy Implants
- Tibial Tuberosity Advancement Implants
- Total Elbow Replacement
- Total Hip Replacement
- Total Knee Replacement
- Trauma Fixations
- Veterinary Hospitals
- Veterinary Clinics
- Veterinary Surgical Centers
Veterinary Orthopedic Implants Market Regional Analysis/Insights
The veterinary orthopedic implants market is analysed and market size insights and trends are provided by country, product, animal, type and end user as referenced above.
The countries covered in the veterinary orthopedic implants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the veterinary orthopedic implants market due to the growing healthcare expenditure along with increasing number of household owing companion animals.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing number of veterinary hospitals in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Veterinary Orthopedic Implants Market Share Analysis
The veterinary orthopedic implants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to veterinary orthopedic implants market.
Some of the major players operating in the veterinary orthopedic implants market are:
- Veterinary Orthopedic Implants (U.S.)
- GPC Medical Ltd. (U.S.)
- Rita Leibinger GmbH & Co. KG (Germany)
- B. Braun Melsungen AG (Germany)
- KYON AG (Switzerland)
- EVEROST INC (U.S.)
- Integra LifeSciences (U.S.)
- BioMedtrix, LLC (U.S.)
- bluesao (China)
- IMEX Veterinary, Inc (U.S.)
- NGD (Canada)
- Orthomed (UK) Ltd (U.K.)
- AmerisourceBergen Corporation (U.S.)
- PLATON implant (Japan)